CNH is a long position to take a look at -Farm machines. This is likely to be a player in the food/grain shortage and it's acting well today.
Monday, October 11, 2010
Paint still drying
Not much, but there is a triangle formed up, so there should be some kind of head fake on that one.
Here's the 5-min 3C chart, the little move up at the end is NO a divergence, it is following price, so it's simple confirmation.
CNH is a long position to take a look at -Farm machines. This is likely to be a player in the food/grain shortage and it's acting well today.
CNH is a long position to take a look at -Farm machines. This is likely to be a player in the food/grain shortage and it's acting well today.
3 comments:
Brandt,
So, putting your experience with 3C to the test here, would you say that the above 5minute 3C DIA should follow through to real market action by the latest tomorrow? (As it started showing distribution a while back now, last Thursday).
Same OLD CRAP! Market moving SIDEWAYS and UP. Market certainly NOT moving DOWN!
I would think so, unless there was a major change in 3c 5min stance today, which I don't see yet. IT seems to be about the right timing. I have to check the eco. calendar, see if anything is on for tomorrow. The release of the Fed minutes surely has the possibility of being a catalyst.
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